---
title: "Charles Schwab Says It Executes One In Three Retail Stock Trades In America"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293369234.md"
description: "Charles Schwab (NYSE: SCHW) reported Q2 2026 results beating estimates, with revenue up 21% to $7.07B and adjusted EPS of $1.62. Trading revenue rose 28% to $1.22B, driven by strong client activity, as the firm executes one-third of US retail stock trades. Total client assets grew 22% to $13.08T, and net new assets surged 49%. The company added 1.4 million brokerage accounts and repurchased $1.0B in shares."
datetime: "2026-07-21T16:29:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293369234.md)
  - [en](https://longbridge.com/en/news/293369234.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293369234.md)
---

# Charles Schwab Says It Executes One In Three Retail Stock Trades In America

**Charles Schwab Corp.** (NYSE:SCHW) stock traded little changed Tuesday after reporting second-quarter fiscal 2026 results that exceeded analysts’ estimates for earnings and revenue.

Adjusted earnings were $1.62 per share, beating the analyst consensus estimate of $1.55. Revenue increased 21% year over year to $7.07 billion, ahead of the consensus estimate of $6.89 billion.

## Trading, Net Interest Income Drive Growth

Trading revenue rose 28% year over year to $1.22 billion, supported by strong client trading activity.

Net interest revenue increased 19% to $3.36 billion, while net interest margin expanded to 3.00% from 2.66% a year earlier.

Asset management and administration fees climbed 16% to $1.82 billion, driven by organic growth and higher adoption of the firm’s wealth and asset management solutions.

Average daily trading volume reached 11.9 million. Total margin balances ended the quarter at $165.1 billion, including continued growth in long-short related activity led by new pledged asset line originations.

President and CEO **Rick Wurster** said investor engagement across Schwab’s expanding suite of products and services remained strong during the quarter. Net inflows into Schwab Wealth Advisory increased 80% year over year, while Pledged Asset Line balances rose 59% to $33.4 billion.

During the earnings call, Wurster said record trading activity reflected broad-based client engagement rather than enthusiasm surrounding the **SpaceX** IPO, noting the offering generated significant interest but did not materially boost net new assets.

The company said it executes about one-third of all retail brokerage trades across the industry and ranks first in options contracts, underscoring its leadership in retail trading.

Charles Schwab reported daily average trades of 11.9 million, driving a 28% increase in trading revenue. Wurster said client engagement remains strong and expects elevated trading activity to be sustainable, supported by broad investor participation.

## Client Assets, Accounts Expand

Total client assets increased 22% year over year to $13.08 trillion. Core net new assets rose 49% to $119.8 billion during the quarter.

The company added 1.4 million new brokerage accounts, bringing active brokerage accounts to 39.8 million and total client accounts to 48.0 million.

Schwab ended the quarter with $40.6 billion in cash and cash equivalents. Deposits increased 7% year over year to $249.7 billion.

The company repurchased 11.2 million shares for $1.0 billion during the quarter.

Client transactional sweep cash balances totaled $485.7 billion at the end of June, up $24.2 billion from the previous quarter, supported by seasonal tax-related inflows, organic growth and client asset allocation activity.

Preliminary consolidated Tier 1 leverage and adjusted Tier 1 leverage ratios were 8.7% and 6.8%, respectively.

**SCHW Price Action:** Charles Schwab shares were up 0.02% at $102.57 at the time of publication on Tuesday, according to Benzinga Pro data.

_Photo via Shutterstock_

### Related Stocks

- [SCHW.US](https://longbridge.com/en/quote/SCHW.US.md)
- [SCHW-D.US](https://longbridge.com/en/quote/SCHW-D.US.md)
- [SCHW-J.US](https://longbridge.com/en/quote/SCHW-J.US.md)

## Related News & Research

- [$1000 Invested In Charles Schwab 15 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/293640672.md)
- [How Schwab’s Dividend Boost and Earnings Upswing Will Impact Charles Schwab (SCHW) Investors](https://longbridge.com/en/news/293823146.md)
- [BUZZ-Street View: Brokerages upbeat on Charles Schwab's sustained growth](https://longbridge.com/en/news/293476373.md)
- [Charles Schwab’s Earnings Base, Growth Opportunities Continue To Expand, Says Bullish Analyst](https://longbridge.com/en/news/293499191.md)
- [Bull market for stocks puts wind in Charles Schwab’s sails. How that will impact earnings](https://longbridge.com/en/news/293337163.md)